FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Barred Advisor Gets 3-Year Sentence for Bilking Friends, Relatives Out of $3M
By Dinah Wisenberg BrinRobert C. Starnes, who took more than a dozen people's retirement savings, also must pay restitution.
November 14, 2025
Ex-Raymond James, Morgan Stanley Rep in Hot Water Over LoansSuspended rep Kirk Crossen faces additional disciplinary action for borrowing $400,000 from an elderly client, FINRA says.
November 12, 2025
FINRA Bars Ex-Spartan Capital RepRonald Smith failed to provide all requested information, including electronic communications, concerning excessive trades, FINRA said.
November 10, 2025
Ex-Merrill Rep Suspended Over Outside Business ActivityJeremiah Householder referred four customers to a third-party lender owned by his brother-in-law, FINRA says.
November 07, 2025
FINRA Bars Ex-Morgan Stanley Rep Fired for Recommending Unapproved InvestmentsEric Brian Kleiner also failed to fully disclose an outside investment, according to the regulator's order.
November 07, 2025
Ex-Morgan Stanley Rep Suspended Over Transfers From Wife's IRAFINRA suspended Milwaukee-based Michael J. Schmidt for two months and fined him $5,000.
November 03, 2025
BD Hit With $80K Fine Over Annuity Switches, Background Checks: FINRASupreme Alliance failed to supervise purchases of deferred variable annuities and rates of VA exchanges, the order states.
November 03, 2025
First Trust Portfolios to Pay $10M Over Excessive Gifts to RepsFirst Trust preconditioned gifts on reps of client frms achieving sales targets, FINRA said.